South Indian Bank Q2 net profit rises 21% to ₹426 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓South Indian Bank Q2 net profit rose 21 per cent to ₹426 crore for FY27.
- ✓The lender saw its highest-ever net interest income of ₹1,116 crore.
- ✓Managing Director Mahesh Muralidhar Pai said, "Aligned with our strategic intent of 'Profitability through Quality Credit Growth', we have successfully on-boarded new advances with low-risk profiles."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
South Indian Bank Ltd has reported a 21 per cent year-on-year increase in net profit to ₹426.13 crore for the second quarter of FY27, compared with ₹351.37 crore in the corresponding period of the previous fiscal, driven by consistent growth across its targeted business segments.
Thrissur-based lender recorded its highest-ever net interest income (NII) of ₹1,116 crore, up 38 per cent year-on-year. Operating profit rose 37 per cent to ₹732 crore, while net interest margin (NIM) improved to 3.33 per cent from 2.80 per cent.
The bank also reported an improvement in asset quality, with gross non-performing assets (GNPA) declining to 1.24 per cent from 2.93 per cent a year earlier. Net non-performing assets (NNPA) fell to 0.09 per cent from 0.56 per cent.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.